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MongoDB shares jump more than 30% in $192M IPO

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Re: MongoDB shares jump more than 30% in $192M IPO

#41

Post by eternalban »

da_chicken wrote: post #25
gremlinsinc wrote: post #2

Is it me..or does Mongo not seem as relevent and 'hip' as it once was... I mean I feel postgres is much more solid, and you can combine some of the aspects of document store via the json data types they added... of course I'm not really a DBA and don't have a lot of Mongo experience ... but personally I feel rdbms make more sense for growth/scaling..

RDBMS makes sense for most applications. Most applications store data that can be fit to the relational model. Most applications aren't big data or data mining OLAP. Most RDBMSs can do key-value stores very well now. Most applications also care more about consistency over availability, which is what RDBMSs do (CAP theorem). Many NoSQL data stores choose availability and partitioning and sacrifice consistency (i.e., "…

> RDBMS makes sense for most applications.

But "applications" are built by development teams.

So: Does an "RDBMS makes sense for most applications"?

Re: MongoDB shares jump more than 30% in $192M IPO

#42

Post by icebraining »

heliodor wrote: post #17

I don't understand why everyone is so happy when IPOs go up and make it sound like a good event. I see it as the founders needlessly missing out on 30% of money (in this case), which ends up going in the pockets of the Wall Street middle men that get first access to the stock offering.

It'll be interesting to see what happens to Spotify if they go ahead with the direct listing.

Re: MongoDB shares jump more than 30% in $192M IPO

#45

Post by cloverich »

jc_811 wrote: post #33

->"MongoDB was the database that most software developers said they wanted to work with, according to StackOverflow's survey of 64,000 developers." Does this just seem like it can't be true? Does anyone know where or why this would be the case?

A lot of the bootcamp schools use mongo from what I remember. An interesting comparison would be what devs with 5+ years of experience prefer to use.

Re: MongoDB shares jump more than 30% in $192M IPO

#46

Post by icebraining »

jc_811 wrote: post #33

->"MongoDB was the database that most software developers said they wanted to work with, according to StackOverflow's survey of 64,000 developers." Does this just seem like it can't be true? Does anyone know where or why this would be the case?

Curiosity? Redis and Postgres are still above it as the "most loved": https://insights.stackoverflow.com/survey/2017#technology-mo...

Re: MongoDB shares jump more than 30% in $192M IPO

#47

Post by mikestew »

heliodor wrote: post #17

I don't understand why everyone is so happy when IPOs go up and make it sound like a good event. I see it as the founders needlessly missing out on 30% of money (in this case), which ends up going in the pockets of the Wall Street middle men that get first access to the stock offering.

I see it as the founders needlessly missing out on 30% of money (in this case), which ends up going in the pockets of the Wall Street middle men that get first access to the stock offering.

That's the system as it's currently implemented, yes. Underwriters have some folks on tap that they'll let in on the IPO. IOW, folks that'll dump money into the IPO. But those folks aren't suckers, they'd like to see a return on their investment, if not individual investments then at least in aggregate. So, in summary:

1. Companies want someone to buy their new shares.

2. Brokerages have such folks on tap.

3. However, those investors wants a return.

4. So the underwriters set the IPO price a bit low so as to increase the chances of investors getting that return, which means those investors will come back next time for, say, pets.com's IPO.

I doubt this is written down anywhere, but that's the impression I get from observing IPOs (tech and non-tech) for 20 years or so.

Re: MongoDB shares jump more than 30% in $192M IPO

#48

Post by jsjohnst »

brianwawok wrote: post #40
zitterbewegung wrote: post #35

Earlier quoted context omitted.

Developer ergonomics are way more important than many features to get wide adoption. You can fix the other things with time. Worse is better.

Except when you poison mindshare. For example, I used Mongo back in the early days. Was terrible. I will now never use it again. I don't care if it shoots lasers. It is dead to me. Obviously the happy developer count is way more than the hate it for life count, so I am the odd man out here. Perhaps many users never actually had many GB of data or had to deal with the data loss side of things?

[apparently my opinion is unwanted]

Re: MongoDB shares jump more than 30% in $192M IPO

#49

Post by Yliaho »

emilsedgh wrote: post #30
felipellrocha wrote: post #10

Does anyone use Mongo anymore? Edit: Honest to god question. I was surprised when I saw the headline, because I've never seen anyone use mongo in production, and never ran into any articles talking about using mongo.

What I'm mostly interested to see is the rate of new projects using mongo. Do they have growth at a rate that justifies their valuation? If that's the case, is HN living in its own bubble? Because if you read HN you'd think that nobody will use mongodb for a new project.

What should one use then?

Re: MongoDB shares jump more than 30% in $192M IPO

#50

Post by user5994461 »

shubhamjain wrote: post #22

MongoDB isn't usually seen favorably but everyone must admit that it's an unlikely success story that deserves admiration. Think about it. Bringing a database to the market with a completely different paradigm, growing it to the enterprise-production-ready level, and creating a billion-dollar business around is no small deal. Yes, they did ride the NoSQL zeitgeist but they survived when others had no major success. U…

Depends what you mean by production ready. Sure thing, $192M is not a billion dollar business.
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